Elysee Development (TSE:ELC) has released an update.
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Elysee Development Corp. has launched a non-brokered private placement of convertible debentures aiming to raise $2 million. These debentures come with an 8% annual interest rate and can be converted into common shares at $0.38 each before the 48-month maturity date. The funds raised will boost the company’s general working capital, with a minimum investment threshold of $25,000 for interested participants.
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